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-Industrial production collapsed in October, plunging 35.8% y/y (consensus: -15%) and offering the first indication of the flooding's impact on the real economy. -On a m/m basis, we estimate the drop was about 35.4% after accounting for the modest revisions to the September print. The drop is the worst print in the current series (since January 2001). -To put it in perspective, industrial output dropped 25.5% in January 2009, during the peak of the global financial crisis.

Sales of new commercial vehicles in the European Union increased at a faster pace in October, data released by the European Automobile Manufacturers Association (ACEA) showed Friday. Total new commercial vehicle registrations increased 7.7 percent on an annual basis to 162,901 units in October, faster than September's 4.5 percent growth. In August, the rate of growth was 3 percent. The demand for commercial vehicles has been on the rise in the European Market since March. Sales of commercial vehicles in France grew 7.8 percent year-on-year, while sales in Germany moved up 7.2 percent in October. There was an 11.1 percent annual growth in new registrations in the U.K. Demand for new light commercial vehicles rose 5.8 percent on an annual basis in October, following the previous month's 3.3 percent growth. New registrations of medium and heavy commercial vehicles rose 15.7 percent, faster than the 13 percent growth seen in September. At the same time, the increase in heavy commercial vehicle registrations quickened to 18.2 percent from 16.6 percent during the month. In the January-October period, total commercial vehicle sales climbed 10.8 percent from the corresponding period last year, the agency said.

Sales of new commercial vehicles in the European Union increased at a faster pace in October, data released by the European Automobile Manufacturers Association (ACEA) showed Friday. Total new commercial vehicle registrations increased 7.7 percent on an annual basis to 162,901 units in October, faster than September's 4.5 percent growth. In August, the rate of growth was 3 percent. The demand for commercial vehicles has been on the rise in the European Market since March. Sales of commercial vehicles in France grew 7.8 percent year-on-year, while sales in Germany moved up 7.2 percent in October. There was an 11.1 percent annual growth in new registrations in the U.K. Demand for new light commercial vehicles rose 5.8 percent on an annual basis in October, following the previous month's 3.3 percent growth. New registrations of medium and heavy commercial vehicles rose 15.7 percent, faster than the 13 percent growth seen in September. At the same time, the increase in heavy commercial vehicle registrations quickened to 18.2 percent from 16.6 percent during the month. In the January-October period, total commercial vehicle sales climbed 10.8 percent from the corresponding period last year, the agency said.

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How to earn a million with FBS 23 Nov 2011, 14:26 Dear traders! Last 999 Contest winners kindly agreed to reveal the secrets of their success, strategies and impressions of “999”. Note that first place winner increased his balance up to million dollars. Do you want to know a secret? 3 place Sergey Maslov Contest account number: 198448 Balance: 193226.60USD How long are you engaged in trading? How has it turned out that you have got acquainted with exchange trading? I have been engaged in trading for about 7 months. I found information about Forex in the Internet. What currency pair do you prefer to trade? Why? I trade EURUSD, AUDUSD and GBPUSD. These pairs are the most interesting for me because of their market movement. Please tell us about your impressions of participation in «999» contest. I am very satisfied with the contest, especially I like the fact that I am among the winners. In the future I am going to be the first. What trading strategy did you use during the contest «999»? During the contest I was following the changes of Moving Average. What qualities should a trader possess to be successful in trading? You won’t be successful without attentiveness. Don’t ever hurry! – that is my credo. What advice could you give to beginners? You need to be patient and attentive. 2 place Chen Tao Contest account number: 195417 Balance: 302819.19 USD How long are you engaged in trading? How has it turned out that you have got acquainted with exchange trading? I’ve been trading for 2-3 years. My friend, who had already had some Forex experience, advised me to try. What currency pair do you prefer to trade? Why? I mark out EUR/USD for my trading. This currency pair has very low spread and high level of volatility. Please tell us about your impressions of participation in «999» contest. Easy-to-use trading platform and very favourable conditions of trading: FBS has everything to be confident in your success. What trading strategy did you use during the contest «999»? I used long-term and short-term strategies, analyzed quotations and made my own deductions. What qualities should a trader possess to be successful in trading? In my opinion a trader should be calm all the time, and able to control one’s loss and profit. What advice could you give to beginners? It’s important to open each order with no worry and after careful consideration. If I’m not sure in one of my decisions I would better miss it and wait for another chance. Advise: as unlimited account has no restrictions on order volume, I recommend be stick to money management rules and control margin level (it should be higher than 100%). 1 place Aleksey Nastin Contest account number: 196587 Balance: 1167526.80 USD How long are you engaged in trading? How has it turned out that you have got acquainted with exchange trading? I’ve been trading Forex since 2010. What currency pair do you prefer to trade? Why? The list of my currency pairs is not stable. Now I am trading AUDNZD, EURСAD, GBPCAD, EURUSD, USDJPY. The list constantly changes due to the market situation. Please tell us about your impressions of participation in «999» contest. I like the contest. By the way, I didn’t even know about 999, I just found information about it at one of the forums and decided to take part. I had little chance to win: in the beginning of the contest my trading was not that perfect, and I was not in the lead. What trading strategy did you use during the contest «999»? During the contest I used scalping on EURUSD. I traded in fast-moving market on news releases. What qualities should a trader possess to be successful in trading? The most important for a trader is composure, knowledge of the market rules and focusing on results. What advice could you give to beginners? Don’t ever lose your temper and always try something new. Don’t be afraid of experiments. ____=======____ Stay connected with FBS

European shares are set to open sharply lower, extending fall for afifth straight session after weak China's factory sector raised concerns of global recession. Bookies predicted Britain's FTSE 100 toopen 1.3 pct lower,Germany's DAXto drop1.3 pct, and France's CAC-40 to open 1.7 pct lower

Rating agencies affirmed US credit rating The greenback managed to recover a bit higher versus Japanese yen at the beginning of today’s Asian session as the major rating agencies affirmed US credit grades: - Standard & Poor’s: America will retain AA+ rating even if the Supercommittee fails to reach agreement on reducing the nation’s budget deficit by Thursday (US lost its top grade by S&P on August 5); - Moody’s Investors Service kept US rating at the top Aaa level with negative outlook; - Fitch Ratings repeated that there will likely be a downside revision to US rating outlook in case of the Supercommittee’s failure. Risk sentiment has slightly improved. The pair USD/JPY managed to get above 77 yen. However, there hasn’t been enough positive news to detain yen’s appreciation and the pair soon resumed decline drifting lower. Support levels for American currency are found at 76.75 (November 21 minimum) and 76.55 (November 18 minimum). Resistance levels for US dollar lie at 77.35 (today’s maximum), 77.50 (November 15 maximum) and 77.90 (November 9 maximum). It’s also necessary to note that investors are closing positions ahead of Japan’s holiday tomorrow and US one on November 24.

Pound Declines To Fresh Multi-week Low Against Euro Extending its previous session's downtrend, the British pound declined further against the euro in New York mornign deals on Monday. At 10:35 am ET, the sterling dropped to a fresh multi-week low of 0.8626 versus the euro, compared to last week's close of 0.8558.

Poland's producer price inflation increased in October, data released by the Central Statistical Office showed Monday. The producer price index grew 8.5 percent on an annual basis in October, faster than the 8.4 percent growth recorded in September, which was revised up from 8.1 percent. The rate growth in October was also bigger than the 8.3 percent rise economists expected. Mining and quarrying prices advanced 10.4 percent year-on-year, while manufacturing prices moved up 9.2 percent. There was a 2.8 percent annual growth in the production and supply of electricity, gas, steam and hot water during the month. From September, producer prices edged up 0.1 percent in October, slower than the 0.3 percent increase economists forecast. In September, output prices rose an upwardly revised 1.7 percent month-on-month. Separately, the agency said Poland's industrial production increased 6.5 percent annually in October, slower than the 7.2 percent rise economists expected. Manufacturing production rose 7.1 percent year-on-year, while mining and quarrying production declined 3.7 percent during the month. Month-on-month, industrial output decreased 2.4 percent during the month, while economists were looking for a 2 percent fall.

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euro’s recovery will soon be over The single currency is recovering versus the greenback: EUR/USD has managed to rise from the 5-week minimums in the $1.3420 area to the levels above $1.3500. Never the less, technical analysts at Commerzbank expect euro’s recovery to be short-lived. In their view, risk aversion will remain strong and the bears will use the opportunity to sell the European currency on its advance against its US counterpart. As a result, the bank recommends selling the pair in the $1.3650 zone. According to the specialists, resistance in the $1.3870/1.3900 area will cap EUR/USD for a long time from now.

Analysts are still negative on euro Spain’s borrowing costs rose to the maximal level since 1997 – the nation’s 10-year bond auction today has fueled concerns about the spreading of the European crisis to France and other core euro zone economies, such as the Netherlands and Finland. Short-term forecasts Morgan Stanley: negative outlook for the single currency. The specialists advise to sell euro targeting $1.31 lowering stops to $1.3580. UBS: if EUR/USD breaks below support at $1.3406, it will begin declining to $1.3346. Middle-term forecasts Nomura: euro will slip to $1.30 by the end of the year, so it’s recommended to sell EUR/SUD. Brown Brothers Harriman: the pair will finish 2011 at $1.29. Mizuho Corporate Bank: euro will fall to $1.30 by the year-end, trading will be very volatile. Citigroup: EUR/USD will decline to $1.31 by the end of 2011 and to $1.25 in the first half of 2012.

UBS about Spain-related risks Economists at UBS give 3 reasons to be concerned about Spain’s economic prospects: firstly, the high possibility that the country misses its deficit-reduction target, secondly, the risk of Spain’s falling into recession the next year and, thirdly, the precarious position of Spanish banks which will likely need more state money. Spanish Finance Ministry announced that the nation’s GDP will add 0.8% in 2011 failing to meet the 1.3% growth target. Spain’s economy stagnated in the third quarter. The country’s jobless rate is close to 23%. It’s too early to make predictions whether the deficit goal of 6% of GDP will be attained this year as the regions’ third-quarter budget data aren’t available yet. In 2010 Spain’s shortfall was equal to 9.3% of GDP. Spain faces general elections on Sunday, November 20. The ruling Socialist Party is likely to lose to the opposition People’s Party which pledges to meet the deficit goal of 4.4% of GDP in 2012. The 10-year Spanish bond yield rose to 6.4% for the first time since August. The specialists warn that the market’s rather optimistic attitude to Spain in comparison with Italy may change in the coming months or even weeks.

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Analysts at Societe Generale warn that the single currency may keep declining versus Japanese yen and fall to October 4 minimum at 100.75 yen. The specialists underline that EUR/JPY has eroded support in the 104.90/104.75 zone. According to the bank, bearish pressure will ease only if the pair returns above 104.75. In such case euro will get chance to rise to October 31 maximum at 111.60 yen.

Euro Steady After Eurozone GDP, Trade And ZEW Survey Data Following the release of eurozone GDP data for the third quarter, trade balance for September and the German and eurozone ZEW survey results for November at 5.00 am ET, the European currency held steady against its major rivals. As of 5:01 am ET, the euro was trading at 104.45 against the yen, 0.8546 against the pound, 1.2405 against the Swiss franc and 1.3550 against the US dollar.

Euro Firms As Markets Cheer New Leadership In Greece, Italy The resilient euro edged higher for a second session versus the dollar on Friday, supported by hopes that Italy and Greece are getting their fiscal houses in order. Italian lawmakers passed austerity measures this morning, clearing the way for Prime Minister Silvio Berlusconi's departure. Berlusconi, untrusted by the bond markets to govern Italy through a period of cost-cutting, is set to be replaced by former European Commissioner Mario Monti and his group of technocrats. The euro has withstood mounting concerns that the euro zone economy is going to be stagnant in 2012, making it even more difficult for debt ridden Italy and Greece to meet their obligations. Italian borrowing costs will be closely watched next week for signs that the markets are pleased with the progress made in Rome. Greece swears in new Prime Minister Lucas Papademos today. The euro improved to $1.3660 versus the euro, rising further from this week's monthly low of $1.3482. Looking at the U.S. economic calendar, the preliminary report of the Reuters/University of Michigan's consumer sentiment survey for November is scheduled to be released at 9.55 am ET. The consumer sentiment index is expected to rise slightly to 61.5 from October's 60.9. The single currency also firmed against the sterling, rising to GBP 0.8580 from a nine-month low of 0.8484. U.K. factory-gate inflation eased to its lowest level in five months in October, as poor consumer demand restricted manufacturers from raising charges. Meanwhile, input cost inflation cooled during the month to its weakest level since December last year. Data from the Office for National Statistics showed Friday that the output price index for home sales of manufactured products rose 5.7 percent year-on-year in October. The euro was steady versus the yen, holding near Y105.80.

Currency strategists at Societe Generale advise traders to stay out of EUR/USD as there is severe event risk and the pair’s dynamics is extremely volatile. The specialists propose investors to trade on the consequences of the euro area’s debt crisis or, in other words, on the economic growth slowdown and worsening risk sentiment. So, according to the bank, a good trading strategy is selling Australian dollar versus Japanese yen. The analysts advise to open shorts on AUD/JPY in the 79.50 area stopping above 81.50 aiming at 74.00 yen.

UBS, Commerzbank: dollar will gain versus franc Analysts at UBS advise investors to buy the greenback versus Swiss franc. The specialists underline that the European Central Bank and the Reserve bank of Australia are decreasing rates and the Bank of England is doing quantitative easing. The Bank of Japan is conducting actual interventions, while the Swiss National bank is doing the verbal ones pledging to act if necessary. Only the Federal Reserve keeps its monetary policy unchanged that makes UBS bullish on the greenback. The economists don’t choose trading EUR/USD because of high volatility, GBP/USD has chances to gain as sterling may be used as an alternative for euro, and AUD/USD is still expensive for shorts due to the higher borrowing costs in Australia. That brings the bank to choose franc as the currency to sell against US dollar. Analysts at Commerzbank believe that if USD/CHF overcomes 0.9082, the pair will be poised up to 0.9317 (October maximum) and 0.9341/99.

RBC: sell Swiss franc versus Japanese yen Analysts at RBC Capital Markets believe that the single currency will stay in a tight range for some time. Instead, the specialists advise traders to turn to yen and franc as the Swiss National Bank’s and the Bank of Japan’s intervention approaches are different. The SNB is concerned about deflation risk, so it set specific target for franc in order to reverse its advance versus euro and is successfully defending it. The BOJ has also attempted to stop the appreciation of the national currency, but failed to keep yen from strengthening. So, the latter, according to the bank, lacks determination and the use of specific targets of the former. As a result, RBC recommends opening shorts on CHF/JPY in the 87.25 area stopping above 89.30 and targeting 83.00 yen.

Analysts at Saxo Bank believe that the decline of the single currency from the October maximums in the $1.4200 area will continue during the rest of this year and in 2012 when the greenback is expected to gain 25%. The specialists claim that EUR/USD will slide to $1.20/1.30 and then to $1.10/1.15. In their view, euro will be affected by lower ECB rates.

Source: http://www.fbs.com/a..._medium=twitter Hmmm still crisis for europe. Probability trend still bearish for EUS/USD Thanks bro... it could be happen on this week.

J.P. Morgan: trading in case of risk aversion Currency analysts at J.P. Morgan believe that in the long term the efforts of European authorities to solve the region’s debt crisis will be repaid. At the same time, there are still plenty of risks, so the specialists advise traders to watch for the events this week. If the news turns out to be more negative, it will be necessary to sell Australian dollar versus its US counterpart. As the reasons for choosing this type of trade in the risk-off situation the bank cites the fact that the Reserve Bank of Australia has so far started reducing its benchmark interest rate. In addition, there are some concerns about Australian economic growth and the currency is correlated with euro and its ability to reflect the risk sentiment and the state of the things in the euro area. So, the recommendation is to open shorts at AUD/USD in the $1.0360 area stopping above $1.0500 and taking profit at $0.9950. The strategists also warn investors that the market seems to be extremely volatile and one should put place the stops close.

Dear Traders, It been a wonderful and interesting experience for the record number of participants of the FBS "999" Demo Contest. We do congratulate our top three winners (Account#196587 from Russian Federation , 195417 from China and 198448 from Russian Federation) of this FBS "999" Demo Contest and we are very much thankful to all the participants who took part in the contest , and we do appreciate their kind attention towards the competition. Contestants who missed out the winning slots should not worry and keep participating in frequently scheduled FBS contests. And the top contestants bagged fabulous prizes. We have seen healthy competition between the contestants from all corners of the globe. We congratulate winners and wish better luck next time to rest of the contestants. FBS is an easy to access platform for all sort of online traders where unlimited opportunities are awaiting you. So stay connected with us. The glorious 1542th place is taken by a contestant from Indonesia, we grant him with a free FBS Mastercard. Thank you very much, dear traders. Brokerage company FBS wish you further success in trading and victories. Regards, FBS Holdings Inc. Work with FBS , be friends with FBS and be successful!

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